Telcoe Federal Credit Union (AR) Has Competitive Money Market Account

POSTED ON BY

Deal Summary: Quarter Plus Money Market, 0.69% APY ($500k+), 0.65% APY ($50k+), 0.55% APY ($10k+), 0.45% APY ($2.5k).

Availability: All Arkansas residents.

Telcoe Federal Credit Union’s (Telcoe FCU) Quarter Plus Money Market account currently offers competitive tiered rates: 0.69% APY ($500k+), 0.65% APY ($50k+), 0.55% APY ($10k+), and 0.45% APY ($2.5k+). Opening a Quarter Plus Money Market account requires a minimum $2.5k deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.75*%$500k-Telcoe Federal Credit UnionQuarter Plus Money Market Account
OTHER TIERS: 0.45% $2.5k - $10k | 0.59% $10k - $50k | 0.69% $50k - $100k | 0.70% $100k - $500k
Rates as of January 25, 2022.

The Money Market landing page provides the following information

  • Dividends paid monthly
  • 3 free monthly withdrawals and 3 free monthly transfers; $10 per withdrawal or transfer thereafter
  • $2500 minimum balance
  • If the account dips below $2500, it's changed to a regular Share account
  • No activation fee
  • No monthly fee

According to CSR, there is no check writing, but an ATM/debit card will be issued upon request.

Availability

Headquartered in Little Rock, Arkansas, Telcoe Federal Credit Union’s field of membership (FOM) includes individuals who live or work anywhere in Arkansas. An Arkansas driver's license or Arkansas state-issued ID is required to prove eligibility.

There are also hundreds of Select Employer Groups in more than 120 Arkansas communities, which offer Telcoe FCU membership as a benefit to its employees/members.

Family members of existing Telcoe FCU members are also eligible for membership. “Family members” are defined as spouse, children, parents, siblings, grandparents, grandchildren, including “step” relations.

Joining Telcoe FCU can be done at any of four full-service Arkansas branches, which are located in Little Rock (2), Russellville, and Sherwood.

While the Membership page has an “Apply Now” button, it leads to a “Membership Inquiry Form,” which collects basic personal information.

Please complete the information below and a membership specialist will call or email you within the next hour (during normal business hours).

Opening a Quarter Plus Money Market account can done over the phone or at any of the above-mentioned branch locations. There’s also a “Request Info” form on the Personal Savings page to assist in opening a Quarter Plus Money Market account.

To establish membership with Telcoe FCU, you must open and maintain a Prime Savings Account with a minimum balance of $5.00 with a one-time activation fee of $5.00.

In addition to the CO-OP Shared Branching network, Telcoe participates in the CULIANCE ATM network, the largest surcharge-free ATM in the nation.

We’re proud to offer two ATM network partners — CO-OP and CULIANCE — to bring you nationwide access to surcharge-free ATMs.

Credit Union Overview

Telcoe Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 0.09% (excellent) based on June 30, 2021 data. In the past year, Telcoe FCU has increased its total non-brokered deposits by $30.73 million, an excellent annual growth rate of 9.91%. Please refer to our financial overview of Telcoe Federal Credit Union (NCUA Charter # 24202) for more details.

Telcoe Federal Credit Union is currently the second largest credit union in Arkansas, with nearly 24,000 members and assets in excess of $438 million. Founded in 1950, the original FOM included the employees of Southwestern Bell Telephone in Little Rock. Committed to serving its community, Telcoe FCU recently donated $20,000 to Habitat for Humanity of Central Arkansas as part of their annual sponsorships. According to Telcoe FCU’s Summer 2021 newsletter,

In 2020 and 2021, credit union employees have volunteered with the organization to build and finish Habitat’s newest build in North Little Rock-Porter Cove. Porter Cove is named for Evelyn Porter, a Russellville native who bequeathed funds to Habitat at the time of her passing. The Telcoe home built was dedicated to Bill Plunkett, a long-time Telcoe member, Southwestern Bell retiree and former Habitat for Humanity Director who passed away in 2018.

How the Quarter Plus Money Market Compares

When compared to the Money Market accounts tracked by DepositAccounts.com that are available to all Arkansas residents, Telcoe Federal Credit Union's Quarter Plus Money Market Account’s top-tier APY currently ranks third, regardless of minimum balance requirements.

The above information and rates are accurate as of 11/18/2021.

To look for the best Money Market rates, both nationwide and state specific, please refer to our Money Market Rates Table.

Related Pages: Little Rock money market accounts, money market accounts

Comments
Telcoe Federal Credit Union Offers 5-Year CD (3.04% APY) In Arkansas
Deal Summary: 5-year CD, 3.04% APY, $1k minimum deposit.

Availability: All Arkansas residents.

Telcoe Federal Credit Union’s (Telcoe FCU) 5-year CD is currently earning 3.04% APY. The minimum opening deposit is $1k, with no stated balance cap.

The 5-year CD is also available as an IRA (Traditional, Roth, Educational), earning the same APY with the same funding requirements.

The 3.04% APY has been in effect for more than a year, which prompted me to ask CSR if there was any indication that the rate might be lowered any time...

Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.